E&S Casualty Soft Market
Am a carrier underwriter in the middle market e&s casualty space and just had to throw it out there to get everyone else’s pulse on the market, is anyone else getting absolutely smoked in 2026?
Granted at my carrier we have challenges with needing rate relief and some better agency relationship management but I can’t buy a freaking new business bind order right now across any segment - products construction or even hab lol
With admitted’s coming back writing e&s biz stupidly for no money, MGAs/Programs cutting each other off at the knees on pricing, and other e&s markets have seemingly losing all UW acumen, some people on my team are legit putting up goose eggs at months end
Like today I lose to Crum twice - one writing silent action over on a contractor in Texas and the other hab with claims silent A/B & A/M in MO at under $100 per door. Then you have other e&s markets doing GCs at less than a $3 rate in CA, all just seems like pure insanity.
Anyway, just wanted to vent and get others pulse, or maybe it is my carrier? Idk anymore lol
Also Open to feedback on how to cope/win since this is my first soft market after being in the UW biz for a few years
Thanks!